23rd Jul 2021 14:41
Downing One VCT - investor in unquoted and AIM-quoted investments - Portfolio company GENinCode PLC raises GBP17.0 million through a placing and subscription of new shares priced at 44.0 pence each. Fundraising increases GENinCode's market capitalisation to around GBP42.2 million on the company's admission to the AIM market on Thursday.
GENinCode is a predictive genetics company focused on the prevention of cadiovascular disease.
Based on the placing price, the increased value of its holding in GENinCode raises Downing One VCT's net asset value by around 0.6p per share.
Current stock price: 56.50p
Year-to-date change: up 6.9%
By Scarlett Butler; [email protected]
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